Iron ore, mining stocks, and AUD

 

Good morning,

 

China moves again and maybe its part of the new "theme":

 

https://www.tradingfloor.com/posts/steens-chronicle-the-best-of-times-the-worst-of-times-4905342

 

 

I rarely publish single stocks advice, but the below is "my personal  strategy" for getting involved in three things I believe in over the next full cycle (>5 yrs)

 

China growth via Silk Road, Commodities via Iron Ore, and Australia through exposure to mining.

 

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There is growing signs that China will deliver on more infrastructure – and – this even before Silk Road comes fully online.

 

This morning in Beijing the National Development & Reform Commission unveiled list of 1.043 so-called public-private partnerships projects. Value: over 300 bln. US$

 

http://uk.reuters.com/article/2015/05/25/markets-hongkong-china-stocks-midday-idUKL3N0YG1Q020150525

 

 

 

Meanwhile this morning in Sydney there was rumor that Chinese is applying to Australia's Foreign Investment Review Board for permission to invest in the iron ore producer (Fortescu)

 

http://www.ft.com/intl/cms/s/0/18be4ea4-0365-11e5-b55e-00144feabdc0.html#axzz3bDrmqlvm

 

I have for a long time been looking for a signal for buying highly leveraged Fortescue – the bond refinancing recently was the kick-off signal – whether the above is true or not I don't know but my "model" is close to buying @ 2.65

 

 

Iron ore, in itself, is rising nicely…

 

 

 

 

Med venlig hilsen  |  Best regards
Steen Jakobsen  |  Chief Investment Officer

 

Saxo Bank A/S  |  Philip Heymans Allé 15  |  DK-2900 Hellerup
Phone: +45 39 77 40 00  |  Direct: +45 39 77 62 23  |  Mobile: +45 51 54 50 00

 

Research: http://www.tradingfloor.com/traders/steen-jakobsen

Please visit our website at www.saxobank.com

 

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